29 Mar 2017

Apocalyptic forecasts for UK Finance miss key points

I am tired to repeat the same old arguments (first published back in Feb 2016!) that Brexit is not the Armageddon that some predict. While some firms will boost their presence on the Continent London will benefit by being more open to the 'rest' of the World. Being in sole charge of policy the UK will be much more nimble than the multi-headed EU bureaucracy that has to satisfy 27 squabbling member states. And spreading staff all over Europe will do nothing for the efficiency of the (mostly) larger financial firms that de-emphasise London. Why triggering Brexit signals a long, slow bleed for the UK banking sector

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